AN ACT TO AMEND SUBCHAPTER II, CHAPTER I, TITLE 26 OF THE DELAWARE CODE TO EXCLUDE FROM THE JURISDICTION OF THE PUBLIC SERVICE COMMISSION PUBLIC UTILITIES CREATED PURSUANT TO THE RURAL ELECTRIFICATION ACT OF 1936 AS AMENDED.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. That Section 202, Subchapter II, Chapter I, Title 26, be amended by adding a new paragraph (c) to read as follows:

"(c) The Commission shall have no jurisdiction, supervision or regulation over any public utility or over the rates, property, property rights, equipment, facilities or franchises or over the borrowing of funds or the transferring, sale, assignment, pledging or mortgaging of property, or the issuance of notes, bonds or other obligations of any public utility created, operated or regulated pursuant to the Rural Electrification Act of 1936 (7 U.S.C. 901-950(a as amended."